Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
American Seafoods Holdings LLC and Subsidiaries | American Seafoods Corporation | ||||||||||
Pro Forma | |||||||||||
Year Ended December 31, | Year Ended December 31, | ||||||||||
2001 | 2002 | 2003 | 2003 | ||||||||
Earnings (as calculated below) | 53,102 | 62,568 | 59,652 | 59,364 | |||||||
Divided by Fixed Charges consisting of interest expense | 35,093 | 39,957 | 45,325 | 60,546 | |||||||
Ratio of earnings to fixed charges | 1.51 | 1.57 | 1.32 | 0.98 | |||||||
Calculation of Earnings: | |||||||||||
Income (loss) before income taxes | 18,180 | 23,012 | 14,148 | (1,361 | ) | ||||||
Minority Interest | (171 | ) | (401 | ) | 179 | 179 | |||||
Plus: Fixed charges consisting of interest expense | 35,093 | 39,957 | 45,325 | 60,546 | |||||||
53,102 | 62,568 | 59,652 | 59,364 | ||||||||